Frequently Asked Questions
Short answers to the questions note holders and note buyers ask most. Each one links to a fuller explanation.
Selling a note
- Can I sell my mortgage note?
- Who buys mortgage notes?
- Does my borrower have to approve the sale?
- Can I sell a note without the original document?
- Should I sell my note or keep it?
What a note is worth
- How much is my mortgage note worth?
- Why do notes sell for less than the balance?
- Why did two buyers give me different prices?
- What is a fair discount on a note?
Partial purchases
- What is a partial note purchase?
- Is a partial better than a full note sale?
- What if my borrower defaults during a partial?
Particular situations
- I inherited a mortgage note. What now?
- My borrower is late. Should I sell or foreclose?
- I have one offer on my note. Is it fair?
Buying notes
- How much money do I need to buy a note?
- Can I buy notes with my IRA?
- Should my first note be performing or non-performing?
Did not find your question? Ask us, or send your note details and we will answer with your numbers.